Portland entrepreneur Noah Gordon has purchased 12 acres on House Island for $4.5 million and plans to turn it into “the premier private island hospitality event venue in America.”
real estate
Posted inBusiness, Local & State
Program matches preservation-minded buyers with historic Maine properties
Protect and Sell, which is run by Maine Preservation of Yarmouth, has facilitated six sales thus far.
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Posted inBusiness, Local & State
Maine home sales set record in September
Sales of existing single-family homes increased by 11% from a year earlier, while the median home sales price increased by 6.4% to $228,750.
Posted inBusiness, Local & State, News
Portland housing report shows progress, but gap in affordability persists
City policies have boosted the amount of new housing in the city, but rents and home prices remain unaffordable for about half the city’s residents.
Posted inBusiness, Local & State, News
Purchase of Brian Boru building gives insurance company control of key piece of downtown
The workers’ compensation insurer MEMIC has now secured a full block of property in the heart of Portland.
Posted inBusiness, Local & State, News
Six-story garage proposed as first piece of major project in downtown Portland
The company behind the development near the Old Port wants to build the garage with space for stores, apartments and offices.
Posted inEditorials, Opinion
Our View: Maine’s way of life is working to our advantage
Most housing searches for the Portland area come from out of state, and that’s good news.
Posted inBusiness, Local & State
Portland waterfront lands another major employer as Sun Life announces move
Sun Life U.S., the domestic arm of a Canadian financial services firm, says it will relocate its 500 employees in Scarborough and South Portland to a new building on the former Portland Co. site.
Posted inBusiness, Local & State
Majority of home shoppers interested in Portland come from out of state
Many big-city dwellers, particularly millennials and those with a connection to Maine, are looking for more affordable areas such as Portland to settle down and raise their families.
Posted inBusiness, Local & State
Developers to break ground on new Bayside housing Wednesday
The 7-story building will have more than 50 apartments, most reserved for low-income seniors.